MOSCOW, 8 Feb — RIA Novosti. the World prices for oil on Monday grow approximately on 1,5−2%, reacting to OPEC’s decision+ to extend current production cuts until the end of July, according to the auction.
as of 8.23 GMT the price of August futures for North sea petroleum mix of mark Brent has grown on 1,77% — to 43.05 per barrel. July futures on WTI rose in price on 1,44% — to 40,11 USD per barrel.
OPEC+ in April agreed to cut oil production to 9.7 million barrels per day in may-June 7.7 million in the second half of the year and 5.8 million next until the end of April 2022. Base count taken October 2018, but for Russia and Saudi Arabia taken 11 million barrels per day, from which by analogy with all is a decrease of 23%, 18% and 14% respectively. On Saturday, OPEC countries agree to extend the current reduction of oil production to 9.7 million barrels per day by the end of July.
After this decision, the world’s largest exporter — Saudi Arabia raised the price of oil deliveries in July. According to the Agency Bloomberg, the Saudi state company Saudi Aramco raised prices for all regions.
Economist at OCBC Bank Lee Howie (Howie Lee), whose opinion leads the Agency Reuters, said that oil quotations need more strong factors to rise to the level where they were until 6 March, when the collapse of the previous deal OPEC+.
